At the joint news conference in Helsinki, Finland, Trump said that while he has great confidence in the US intelligence community - which has stated clearly that Russian Federation interfered - he doesn't "see any reason why" Putin or his country would be at fault.
President Donald Trump says the Russian Federation investigation has been a "disaster" for the United States and has kept America and Russian Federation "separated".
Putin's assertion, which is similar to a response from a comparable question earlier in the day, directly contradicts the infamous "Steele dossier", a 35-page research document, largely unsubstantiated, that was compiled by British spy Christopher Steele during the Presidential election that details compromising information the Russian government may have collected about Trump.
He put himself in the middle of a domestic political controversy in London, where he told a tabloid newspaper that Prime Minister Theresa May had ignored his advice about how to pursue Britain's exit from the European Union.
Every major US intelligence agency has concluded there was such interference by Russia during the election and the matter is the focus of a major federal investigation that has targeted not only Russians, but members of Trump's election campaign staff.
But he condemned the "stupidity" of US policy, especially the decision to investigate the interference in the presidential election of the United States.
However, Mr Turnbull said he agreed with Mr Putin when he said "you shouldn't trust anybody".
"I have been saying, getting along with Russian Federation is a good thing not a bad one and I really think the world wants to see us get along".
USA intelligence agencies in 2016 concluded Russian Federation was behind an effort to tip the scale of the election toward Trump, with a state-authorized campaign of cyber-attacks and fake news stories planted on social media. "I think we really had a potential problem". He instead said he placed equal weight in the "extremely strong and powerful" denials of the Russian president with the firm conclusions of his own director of national intelligence.More news: Royalty, the pope, and now Trump - Putin makes everyone wait
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"I think hopefully we can do something about that because it is not a positive force, it is a negative force, so we will be talking about that among other things".
The war hero and former Republican presidential nominee said Trump "failed to defend all that makes us who we are - a republic of free people dedicated to the cause of liberty at home and overseas". The president must appreciate that Russian Federation is not our ally.
"Our relationship has never been worse than it is now".
Bent on forging a personal bond with the Kremlin chief, Mr Trump headed into the summit blaming the "stupidity" of his predecessors for plunging ties to their present low.
With this tension, Tchantouridze says Americans should not be too anxious but he says do keep in mind that most of Russia's intercontinental ballistic missiles target the Northeast, as they see it as a seat of power for the country.
The language used by Democrats was much harsher, including accusations of "treason".
Democratic California Representative Jimmy Gomez charged: "To side with Putin over United States intelligence is disgusting; to fail to defend the U.S. is on the verge of treason".
U.S. intelligence officials have said the Kremlin was behind the effort to help Trump defeat Clinton, and Mueller tied the hack to the Russian government by identifying the culprits as officers in a Russian military intelligence agency known as the GRU. I have President Putin. "Just jaw dropping", he wrote on Twitter. His performance was denounced as "treasonous" by a former Central Intelligence Agency chief, while senator John McCain said the summit was "a tragic mistake".